R2 Pipe Tech Limited

R2 Pipe Tech Limited, based in Barnsley, UK, is a small, active company established seven years ago. With three employees and £43,419 in assets, it operates from a virtual address – a detail flagged by the fact nineteen companies share the same location. The company is led by two directors and a single owner, who also serves as the solo founder. It’s classified as an irregular importer, primarily dealing in machinery, boilers, and mechanical appliances, with recent import activity recorded just one month ago. The company's activities involve engineering-related consulting and design for industrial processes.

While the company’s website is not available, its business model appears to focus on providing specialized engineering services. It’s a small company, meeting two of three criteria for classification: turnover under £10.2 million, assets under £5.1 million, and fewer than 50 employees.

Financially, R2 Pipe Tech Limited shows some concerning trends. Current assets have decreased by 21%, dropping to £43,000, while net assets have also fallen, decreasing by 14% to -£58,000. Bank borrowings have remained steady, at £5,900. Creditors have also decreased, dropping by 13% to £85,000, which could indicate improved debt management. Trade debtors have fallen significantly, dropping by 24% to £38,000. The company’s reliance on a director loan for continued support, as stated in the financial report, is a point to note. With no auditor mentioned, the figures are unaudited.

Overall, R2 Pipe Tech Limited seems to be facing financial pressures despite its active status and specialized services. The decrease in assets and negative equity suggest a need for careful financial management, although the decrease in creditors is a positive sign.

Registered in England/Wales under the registration number 11207028, with a registered address at S71 3HR, England, Barnsley, South Yorkshire, Deb House 19 Middlewoods Way, Wharncliffe Business Park, Carlton.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.